Short Interest in CI&T Inc. (NYSE:CINT) Drops By 41.0%

CI&T Inc. (NYSE:CINT) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 91,379 shares, a decline of 41.0% from the December 31st total of 154,986 shares. Based on an average daily volume of 167,599 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 167,599 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On CI&T

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. bought a new stake in shares of CI&T in the 3rd quarter valued at $56,000. Wedbush Securities Inc. bought a new position in shares of CI&T during the 3rd quarter valued at approximately $58,000. Russell Investments Group Ltd. increased its holdings in CI&T by 176.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after acquiring an additional 7,456 shares during the last quarter. Centiva Capital LP bought a new stake in CI&T during the 3rd quarter valued at $72,000. Finally, Nipun Capital L.P. purchased a new position in CI&T during the 2nd quarter valued at about $111,000. Institutional investors own 92.45% of the company’s stock.

CI&T Trading Down 2.0%

Shares of NYSE CINT traded down $0.10 during mid-day trading on Friday, hitting $4.90. The company’s stock had a trading volume of 138,868 shares, compared to its average volume of 165,483. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40. CI&T has a one year low of $3.98 and a one year high of $8.00. The company’s fifty day simple moving average is $4.60 and its 200-day simple moving average is $4.88. The stock has a market cap of $659.93 million, a price-to-earnings ratio of 18.16 and a beta of 1.15.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $127.31 million during the quarter, compared to the consensus estimate of $673.11 million. CI&T had a net margin of 7.83% and a return on equity of 12.42%. On average, sell-side analysts anticipate that CI&T will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CINT shares. Canaccord Genuity Group dropped their price objective on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Weiss Ratings upgraded CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th. Zacks Research lowered CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. UBS Group set a $7.00 target price on shares of CI&T and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen downgraded CI&T from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.20.

About CI&T

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.